2020-21 Budget Workshop Non-Operating Funds May 11, 2020 SHAWNEE - PowerPoint PPT Presentation

2020-21 Budget Workshop Non-Operating Funds May 11, 2020

SHAWNEE MISSION SCHOOL DISTRICT THE BRIDGE TO UNLIMITED POSSIBILITIES

DESTINATION Every student will have a personalized learning plan that supports them in being college/career ready and having the interpersonal skills important to life success.

.SMSD. General Admin General & Central Central Services 1% School Admin Administration 3% Allocation of 5% 4% School Spending Dept Services 14% 2019 Facilities 25% Capital Improvements 3% Instruction 50% Operations & Maintenance 8% Direct Support Food Services 3% for Students Transportation and Teachers 4% 70% Instructional Student Staff Support Support 3% 5% 4 See KSDE (2020) https://www.ksde.org/Portals/0/School%20Finance/budget/Budget_at_a_Glance/19-20_Summary/Profile512-2020.pdf

Operational vs Non-Operational Budgets Expenditures  Operational Budget includes the daily expenditures associated with running the school district, primarily salaries & benefits as well as transportation, utilities and supplies & services.  Non-Operational are directed primary to maintaining, repairing, and rebuilding district facilities. Non-operational dollars cannot be used for daily operational expenditures, but for a few specifically defined exceptions.  Capital Budget include purchases for educational equipment, ongoing facilities upkeep and repairs to buildings according to an established replacement cycle. These funds are typically not large enough for major renovations or reconstruction. Capital outlay dollars cannot be used for operational needs, except for the salaries of maintenance and custodians who maintain the facilities.  Bond Funds dedicated to new construction and remodel of district facilities. Bond funds cannot be used for operational needs. see SMSD Budget and Finance FAQ

SMSD BUDGET 2019-2020 SUPPORTING CAPITAL OUTLAY BOND (DEBT) FLOW THROUGH FEDERAL SELF SUPPORTED (OPERATING) Local-Restricted Local-Restricted State/Local - Restricted Fees, Gifts, Grants $242,821,804 $46,926,311 $223,000,000 Restricted $11,299,896 -Restricted 61% 12% $32,931,466 $40,125,079 - 10% 3% $24,125,682 – 6% (State = 0%) Debt 8% (State = 72%) (State = 80%) (Federal = 100%) (State = 1%) (State = 0%) Unrestricted for Restricted by Restricted by Requires voter Restricted by grant Restricted by statute these purposes: statute for the statute for these approval and is for these purposes: for these purposes: • • Salary & revenue specific restricted for these purposes: Title VIB special • KPERS flow- • benefits 83% purposes: purposes: Bond Debt & education through • • • Student • Food service Major Apple Leases Title I reading & contribution transportation • and summer Construction construction and math support in funded by the • 6% school Renovation & renovation of our high poverty state • • Supplies & Textbook rental facilities repair schools • Cost of living • • • services 5% & student Equip and furnish Maintenance Title IIA to weighting funded • Utilities 4% materials facilities salaries develop high by local taxes • • • Other 2% • Gift, Donations Technology and Cannot be used qualified & non-federal software for operations teachers and • • grants Bond debt is paid Furnishings and principals • • Special liability from the Bond & equipment Title III & IV • Interest Fund Uniform purchases

Assessed Valuation (In Billions) $4.29 billion 4.5 5.1 % 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Kansas State Statue Authorized Use of Funds Article 53 – Capital Outlay State Aid, 72-53,116. Capital outlay fund; use of moneys; investments authorized. (a) Any moneys in the capital outlay fund of any school district and any moneys received from issuance of bonds under K.S.A. 72-53,117 or 72-53,122, and amendments thereto, may be used for the purpose of the acquisition, construction, reconstruction, repair, remodeling, additions to, furnishing, maintaining and equipping of school district property and equipment necessary for school district purposes, including: (1) Computer software; (2) performance uniforms; (3) housing and boarding pupils enrolled in an area vocational school operated under the board of education; (4) architectural expenses; (5) building sites; (6) undertaking and maintenance of asbestos control projects; (7) school buses; and (8) other fixed assets. http://www.kslegislature.org/li/b2019_20/statute/072_000_0000_chapter/072_053_0000_article/072_053_011 6_section/072_053_0116_k/

Capital Outlay: Revenue $13,660,866 Beginning Fund Balance Revenues: Property/MV Taxes $35,659,858 Miscellaneous/Interest 174,853 Apple Repair/Replacement Fees 125,000 Apple Trade-In 1,750,000 Total Revenues $37,709,711 Total Budget Available $51,370,577

Capital Outlay: Expenditures Total Budget Available $51,370,577 Expenditures: Schools/Departments $ 1,783,096 Technology 4,238,119 Operations and Maintenance 13,000,000 Salaries and Benefits 4,529,308 Bond and Apple Lease Payments 17,235,373 Unallocated Projects 5,584,681 Total Expenditures $46,370,577 Ending Fund Balance $5,000,000

Other Debt Funds Beginning Ending Fund Balance Receipts Expenditures Balance Bond & Interest $ 22,285,127 $ 32,291,528 $ 33,236,363 $ 21,340,292 Special Assessment 642,652 712,268 850,000 504,920

Debt Service Requirements by Year and Issue Current Mill Rate 7.436 7.434 2021 6.934 6.934 Projected 2023 Mill Rates 6.934 2025 6.934 6.934 2027 2029 2012A - Refunding 2031 2015A - Construction 2033 2035 2016B - Construction 2037 Interest 2039 0.00 5.00 10.00 15.00 20.00 25.00 In Millions

2015 Bond Authorization - $223 Million $140 Millions $120 $100 $80 Remaining $60 Spent $40 $20 $- Issue 1 - 2015A Issue 2 - 2016B $123,118,029 $127,491,344

FLOW-THROUGH FUNDS TO THE STATE Cost of Living $ 8,196,400 KPERS 32,000,000 Total $ 40,196,400

Self Supported Funds Beginning Ending Fund Balance Receipts Expenditures Balance Adult Supplemental $ 35,421 $ 0 $ 35,421 $ 0 E ‐ School 527,117 116,400 94,312 549,205 Food Service 3,072,568 11,525,000 14,597,568 0 Summer School 969,835 437,000 926,774 480,061 Special Liability 1,660,007 948,062 1,208,000 1,400,069 Student Materials 304,686 724,000 1,028,686 0 Textbook Rental 983,365 897,401 1,880,766 0 Health Reserve 79,720 1,649,237 1,649,237 79,720 Gifts, Grants & Donations 1,174,022 563,186 680,897 1,056,311 Drug Free Schools ‐ Local 35,803 27,000 62,803 0

Mill Levy History Projected 2020 60.000 Mill Levy – 51.995 (0.24% decrease) 50.000 Special Liability 40.000 Special Assessment Declining Enrollment 30.000 Cost of Living Bond & Interest 20.000 Capital Outlay 10.000 LOB General Fund 0.000 * Anticipated 2020 cost to owner of $200,000 home -- $1,150

Budget Timeline Budget Workshop – Non Operating Funds May 11, 2020 Budget Workshop – Operating Funds May 26, 2020 Approval of Publication July 20, 2020 (tentative) Publication of Notice of Hearing in KC Star July 24, 2020 (approximately) 10-day Publication Noticed Ends August 3, 2020 Budget Hearing and Adoption August 10, 2020 (tentative) Budget Submission Deadline August 25, 2020 Presentation can be found at SMSD.org – Budget & Finance Section